The ECB raised its deposit rate 25 basis points to 2.25% on June 11, the first hike since 2023. Eurozone headline inflation hit 3.2% year-on-year in May, with the services component jumping from 3.0% to 3.5% in a single month.
ECB President Christine Lagarde highlighted the digital euro's role in reducing Europe's reliance on foreign payment networks during a speech on monetary innovation and digital finance. Source
